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Wednesday, February 17, 2010

Is the King & Queen of buy-to-let in trouble?

According to the latest reports in the Mail poor old Fergus the king of buy-to-let is having a torrid time down in Kent with his 700+ property portfolio.

The Mail also seems to suggest that Fergus is mistreating his tenants and has dubbed him the 'Van Hoogstraten' of Kent after the infamous landlord.

They also imply that he is in trouble with his lenders but then reading on he has also swapped his fixed rate buy-to-let mortgage with a very attractive variable rate. Surely he must be creaming in rental profits even if half of his properties are empty?

Is this a case of the papers appointing a King only then to try to knock'em down again?

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